Insurers in subdued trading in Tuesday’s ZSE trading session
Insurance24 Reporter
HARARE, There was limited activity on the shares of insurance companies listed on the Zimbabwe Stock Exchange (ZSE) as only two counters Old Mutual Zimbabwe and First Mutual Holdings were active albeit on a losing and gaining streak respectively.
Giant Old Mutual retreated by $0.0025 to close at $4.0132 coming down
Moonlight Funeral Assurance partners Old Mutual in low cost funeral product
Harare-Moonlight Funeral Assurance has partnered Old Mutual to launch a new funeral product Moonlight Cash Plus, targeted at low income earners.
The product, Moonlight Cash Plus, offers both funeral services and a cash payout of $500, for $1.79 premium per month and premium payments can be staggered weekly.
The funeral plan
Businesses are spending a small fortune on cyber security but what they are doing is not working very well, according to a cyber security expert who sees the insurance industry as a key to improving the situation.
“We have a lot of money going into trying to address this problem,” David Garrett, founder of Tensyl Security, a San Mateo, Calf. -based security consulting firm, told executives at
PSMAS introduces flexible plan targeted at informal sector
Insurance24 Reporter
HARARE, Premier Service Medical Aid Society (PSMAS) has unveiled a low cost, high benefit product called Shield Plan with subscriptions of $10 per month, per member, everyone can afford quality healthcare.
The product best suits the informal sector which now is the biggest employer in the country and the plan is
Netone launches OneCover, a Funeral micro- mobile insurance product
Insurance24 Reporter
HARARE, Mobile network company Netone has unveiled an affordable micro mobile insurance OneCover that offers Funeral insurance to its subscribers.
The product offer according to acting chief executive officer Brian Mutandiro is underwritten by First Mutual Life.
“OneCover seeks to drive inclusion through affordable
Zimre Holdings exits “for sale” NicozDiamond Insurance
HARARE, Diversified insurer, Zimre Holdings Limited is negotiating sale of its shareholding in short term insurer NicozDiamond as the group seek to divest from the ensuing acquisition of a majority stake in Nicoz by First Mutual Holdings limited.
ZHL holds 30.03% in NicozDiamond with the National Social Security Authority (NSSA) currently
Old Mutual Zimbabwe gross premium written (GWP) decline 2% in H1 2017, but group remain profitable
Insurance24 reporter
HARARE, Diversified financial services group and Insurance giant Old Mutual Zimbabwe says all business units performed strongly during the first half 2017 period ended 30 June 2017 and the momentum will carry over during the second half to deliver a positive year ending.
Group chief
ZB Holdings net insurance premiums up 13% in H1 2017
Insurance24 Reporter
Harare – ZB Holdings says regional operations remain key to Group’s insurance units with 29% of reinsurance premiums earned from the region as at HY17 compared to 19% at HY16.
Chief Executive Ronny Mutandagayi told analysts that as regional operations remains key the strategy, establishment of physical presence in Mozambique
NicozDiamond Insurance to merge with Tristarinsurance as FMH seek to raise $17.25 mln
Insurance24 reporter
HARARE, First Mutual Holdings will raise $17.25 million through a renounceable rights offer with the proceeds earmarked for the proposed acquisition 80.92% of the entire issued share capital of NicozDiamond Insurance Limited.
According to a circular published, both transactions will require shareholder
Nyaradzo Life Assurance introduces Sahwira Lite, a low cost Funeral Cash Plan
Insurance24 Reporter
HARARE, Nyaradzo Life Assurance has unveiled a low cost Funeral Cash Plan known as Sahwira Lite for as little as 0.50 cents with a cash payout of up to $500 depending on the sum assured.
Sahwira Lite is a funeral cash plan which rolled out last week and provides a specified cash benefit on death of a